Red Line Parkway Initiative

Analysis

Red Line Parkway Initiative is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Red Line Parkway Initiative reported income of $171k and spending of $213k, spending 125% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $316k to $171k (-46%), an average of -46% a year. The sharpest change came in the year to December 2023, when income dropped by 46%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Red Line Parkway Initiative sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within TX. Charities of a similar size with the same main cause include Sequoia FC Inc ($170k), North Metro Miracle League Inc ($171k) and Minturn Fitness Center ($170k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. At year end it held assets of $127k against liabilities of $143k, net assets of -$16k.